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The Extraordinary Shareholders' Meeting

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BIOHIT PLC.       PRESS RELEASE      14.6.1999     11:45 A.M.    1 (1)

The Extraordinary Shareholders' Meeting of Biohit Plc. decided on June
13,  1999  to  carry  out a share issue targeted to international  and
Finnish institutional investors and the Finnish public.

Deviating from the terms of the share issue described in the  Offering
Circular  the  Extraordinary Shareholders' Meeting  decided  to  issue
2.000.000  new  B-shares of Biohit Plc., instead of 4.000.000,  for  a
nominal  value  of  EUR  0,17  each. All shares  will  be  offered  to
international  and  Finnish institutional investors  and  the  Finnish
public.  The  Board of Directors of Biohit Plc. will make  a  decision
concerning  the  distribution  of  the  shares  between  institutional
investors and the public. After the issue the number of B-shares  will
be 8.389.037 pieces and the total number of A- and B-shares 12.264.537
pieces.

The  Extraordinary Shareholders' Meeting decided that the subscription
price for the shares is EUR 4,5 each.

Subscriptions of the shares during the subscription period  have  been
made  actively. The subscription period continues until June 15, 1999.
In  any  situation of oversubscription the issue may be  discontinued,
but  in  the case of the public subscription, however, at earliest  on
June  14  at  4:30 p.m. Since the Extraordinary Shareholders'  Meeting
decided to change the amount of shares issued it is possible to cancel
a  subscription made in the public issue before June 11, 1999 still on
June  15,  1999.  Subscriptions for the issue are  received  at  trust
offices of Merita pankki Plc., at Merita Customer Service, tel.  0800-
123  123 (in Finnish), tel. 0800-122 122 (in Swedish) and at the  Solo
Bank at internet. The subscriptions may be cancelled at the places  of
subscription.

The  Board of Directors of Biohit Plc. have today submitted a  listing
application to Helsinki Exchanges in order to seek listing for the  B-
shares  of  the  Company  at the NM-list of  Helsinki  Exchanges.  The
trading  of the B-shares is expected to commence on June 18,  1999  on
the condition that Helsinki Exchanges accept the application.

Biohit Plc.

Further information: Osmo Suovaniemi, President, tel: 09-773 861, fax:
773 86 205

Distribution:  Helsinki Exchanges
               Press

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